He wasn’t exactly Paul Rivere on a mythical midnight run, warning of a British invasion, but Flavio Volpe was in Washington, DC, this week to deliver a warning of his own: The Chinese are coming — for the North American auto industry.
Volpe this week spoke at an American Chamber of Commerce event; met with officials from the U.S. State, Commerce, Energy and Interior Departments; and held two congressional meetings.Volpe’s convinced his efforts paid immediate dividends. While those Western automakers gear up to make vehicles for the American and Canadian markets, Chinese automakers have got a jump on them by ramping up their sales to Mexicans. Mexico was the second-biggest importer of Chinese cars in the first five months of the year after Russia and the top destination last year. While the bulk of those are gasoline powered, EVs and hybrids are growing fast.
The planned investments include US$700 million from Ningbo Tuopu Group and US$260 million from Hesai Technology, a Nuevo Leon representative said.The biggest Canadian suppliers, including Magna International and Linamar Corp., are invested in Mexico. The APMA said more than 60 Canadian companies operate 120 plants in Mexico.
In September, China’s BYD launched a new subcompact EV—the Dolphin—for the Mexican market and it’s planning to open a factory in the country.
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